Multnomah Village, Portland, OR
Multnomah Village — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Multnomah Village, Portland, Oregon. Explore the cited sources and local facts below while agent underwriting continues.
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Multnomah Village Neighborhood Overview
Multnomah Village is a charming, historic neighborhood in Southwest Portland, Oregon, known for its distinct small-town feel within the city. Centered around a walkable main street, the area retains a strong sense of community and local character. Its location provides residents with a peaceful, residential atmosphere while remaining connected to the broader Portland metro area.
Lifestyle & Amenities
The heart of the neighborhood is its vibrant commercial village, featuring an array of independent boutiques, cozy cafes, and beloved local restaurants. Residents enjoy a lifestyle centered around community events, neighborhood parks, and easy access to daily essentials. This walkable core fosters frequent social interaction and supports a thriving local business district.
Real Estate Market
The Multnomah Village real estate market offers a mix of historic homes and more modern properties, with a median home value of $434,300. The median rent is approximately $1,500 per month, and homes spend an average of 219 days on the market. With a homeownership rate of 54%, the neighborhood maintains a balance between owners and renters.
Schools & Education
Families in Multnomah Village are served by the Portland Public Schools district. The neighborhood is home to several well-regarded public schools, contributing to its appeal for families. Educational opportunities are an important part of the community fabric, with schools often acting as neighborhood hubs.
Transportation & Connectivity
Multnomah Village is well-served by TriMet bus lines, providing direct routes to downtown Portland and other key areas. While the neighborhood has a more suburban layout, major arterials like Capitol Highway and Multnomah Boulevard offer convenient access for drivers. Its location also allows for relatively easy trips to the Oregon Coast and the Willamette Valley.
Why Choose Multnomah Village
Multnomah Village is ideal for those seeking a tight-knit community with its own identity, complete with walkable amenities and historic charm. It offers a more relaxed pace than central Portland while maintaining good urban connectivity. The neighborhood's strong local business scene and family-friendly atmosphere make it a perennial favorite.
Multnomah Village Market Data
| Metric | Value |
|---|---|
| Median Home Price | $434K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $75K |
| Homeownership Rate | 54.2% |
| Renter-Occupied | 45.8% |
| Rental Vacancy Rate | 5.0% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 97222 |
Top Real Estate Agents in Multnomah Village, Portland
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Multnomah Village, Portland, OR. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Oregon Real Estate Agency (OREA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-11